FYI: Millennial investors were more likely than investors in other age groups to own exchange-traded funds, according to a survey from investment provider BlackRock. Among investors age 21 to 35, 42% said they owned ETFs in 2017, up from 33% of investors in that same age group who said they had ETFs in their portfolios the year prior.
Given that ETFs are a new(er) investment innovation, it’s probably not surprising that the youngest investors would embrace them. What’s unexpected, however, is just how much ETFs have found a home in the portfolios of what BlackRock calls “Silver”-aged investors--people over age 70. Thirty-seven percent of investors within that age band said they owned an ETF in 2017, up from 22% a year earlier. That’s a higher uptake than among generation X investors, 29% of whom said they own ETFs, and baby boomers (27%). While older adults are often characterized as slow to adopt new products and services, that’s definitely not the case with ETFs.
Regards,
Ted
https://www.morningstar.com/articles/924906/why-index-funds-and-etfs-are-good-for-retirees.html
